NXP Semiconductors (NASDAQ:NXPI) Shares Sold by Guggenheim Capital LLC

Guggenheim Capital LLC cut its holdings in shares of NXP Semiconductors (NASDAQ:NXPI - Free Report) by 20.8% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 83,474 shares of the semiconductor provider's stock after selling 21,968 shares during the period. Guggenheim Capital LLC's holdings in NXP Semiconductors were worth $17,350,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. ORG Wealth Partners LLC grew its position in NXP Semiconductors by 915.4% in the fourth quarter. ORG Wealth Partners LLC now owns 132 shares of the semiconductor provider's stock valued at $27,000 after purchasing an additional 119 shares in the last quarter. Sound Income Strategies LLC boosted its holdings in shares of NXP Semiconductors by 169.2% during the fourth quarter. Sound Income Strategies LLC now owns 140 shares of the semiconductor provider's stock worth $29,000 after acquiring an additional 88 shares during the period. Smithfield Trust Co acquired a new position in shares of NXP Semiconductors in the fourth quarter valued at about $32,000. Runnymede Capital Advisors Inc. bought a new position in NXP Semiconductors during the 4th quarter worth $32,000. Finally, Brooklyn Investment Group raised its stake in NXP Semiconductors by 69.5% in the fourth quarter. Brooklyn Investment Group now owns 161 shares of the semiconductor provider's stock valued at $33,000 after purchasing an additional 66 shares in the last quarter. 90.54% of the stock is owned by institutional investors.

NXP Semiconductors Stock Up 1.3 %

Shares of NASDAQ:NXPI traded up $2.15 during trading on Friday, hitting $170.74. The company's stock had a trading volume of 2,106,439 shares, compared to its average volume of 2,573,712. The business has a 50 day moving average price of $201.13 and a two-hundred day moving average price of $214.97. The company has a debt-to-equity ratio of 1.09, a quick ratio of 1.60 and a current ratio of 2.36. The company has a market capitalization of $43.30 billion, a PE ratio of 17.55, a P/E/G ratio of 3.01 and a beta of 1.40. NXP Semiconductors has a fifty-two week low of $148.09 and a fifty-two week high of $296.08.

NXP Semiconductors Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, April 9th. Shareholders of record on Wednesday, March 19th were paid a $1.014 dividend. The ex-dividend date of this dividend was Wednesday, March 19th. This represents a $4.06 annualized dividend and a yield of 2.38%. NXP Semiconductors's dividend payout ratio is currently 41.62%.

Insiders Place Their Bets

In other NXP Semiconductors news, COO Andrew Micallef sold 1,000 shares of the company's stock in a transaction on Monday, March 17th. The stock was sold at an average price of $204.86, for a total value of $204,860.00. Following the sale, the chief operating officer now owns 8,828 shares of the company's stock, valued at approximately $1,808,504.08. This represents a 10.18 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 0.11% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

Several brokerages recently issued reports on NXPI. Arete Research raised shares of NXP Semiconductors to a "strong-buy" rating in a report on Tuesday, March 25th. Citigroup dropped their price objective on shares of NXP Semiconductors from $290.00 to $220.00 and set a "buy" rating on the stock in a research note on Friday, April 11th. Mizuho lifted their price target on NXP Semiconductors from $240.00 to $255.00 and gave the stock an "outperform" rating in a report on Thursday, February 20th. JPMorgan Chase & Co. lowered their price target on shares of NXP Semiconductors from $260.00 to $240.00 and set a "neutral" rating on the stock in a research report on Wednesday, February 5th. Finally, The Goldman Sachs Group reissued a "buy" rating on shares of NXP Semiconductors in a research note on Tuesday, February 4th. Four research analysts have rated the stock with a hold rating, sixteen have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $261.50.

About NXP Semiconductors

NXP Semiconductors N.V. offers various semiconductor products. The company's product portfolio includes microcontrollers; application processors, including i.MX application processors, and i.MX 8 and 9 family of applications processors; communication processors; wireless connectivity solutions, such as near field communications, ultra-wideband, Bluetooth low-energy, Zigbee, and Wi-Fi and Wi-Fi/Bluetooth integrated SoCs; analog and interface devices; radio frequency power amplifiers; and security controllers, as well as semiconductor-based environmental and inertial sensors, including pressure, inertial, magnetic, and gyroscopic sensors.